@dwr
Given some rumors, wanted to post a few clarifications:
Farcaster is not shutting down. The protocol works and will continue to work. There were 250,000 MAU in December and over 100,000 funded wallets. The acquirer, Neynar, is a venture-backed startup and plans to shift Farcaster in a more developer-focused direction.
As for Merkle, we’re planning to return the full $180M raised back to investors. Over the last 5 years, we tried to be a good steward of investor capital.
Finally, I bought my house with Coinbase IPO proceeds.
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